Contributors Technical Analysis Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD

Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD


EUR/USD

Current level – 1.1428

The overall bias is still positive, with a key support at 1.1385. Crucial on the downside is 1.1290 low.

Resistance Support
intraday intraweek intraday intraweek
1.1450 1.1450 1.1385 1.1020
1.1550 1.1610 1.1290 1.0838

USD/JPY

Current level – 112.25

Yesterday’s test of 113.00 area failed and the intraday bias is negative, as the pair is currently testing 111.70 support zone. The latter is crucial for the whole rise from 108.81.

Resistance Support
intraday intraweek intraday intraweek
113.10 113.10 111.70 110.30
113.10 114.30 110.30 108.81

GBP/USD

Current level – 1.3004

AS the pair is approaching 1.3050 resistance, there is a risk of a more significant reversal and trigger on the downside is 1.2950 area. A violation of the latter will signal a broad consolidation pattern towards 1.2830-50 zone.

Resistance Support
intraday intraweek intraday intraweek
1.3050 1.3130 1.2950 1.2635
1.3130 1.3500 1.2850 1.2480

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